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Category Archives: California
Culinary issues demands; Outlasting Coronavirus
In a Thursday media event, the Culinary Union called for casinos to continue paying their inactivated employees for as long as the Coronavirus crisis lasts. Said Unite-Here President D. Taylor, “The industry, obviously, is a very profitable industry. We don’t understand their … Continue reading
Posted in AGA, Architecture, California, Culinary Union, Donald Trump, Economy, Galaxy Entertainment, Health, Las Vegas Sands, Macau, Marketing, Melco Resorts & Entertainment, MGM Resorts International, Nevada, Regulation, Sociedade de Jogos de Macau, Technology, Tribal, Unite-Here, Wall Street, Wynn Resorts
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“Scary” times for casinos; Hotel rates swoon
Donald Trump wants to reopen America for business May 1, come hell or high water. Former Atlantic City casino executive Robert Ambrose acknowledges that “going past 30 days [quarantine] is scary for the entire industry.” According to Ambrose, it ought … Continue reading
Asking the Big Guy; Coronavirus: Where does it end?
Trading on his longstanding Republican Party connections, American Gaming Association President Bill Miller is leapfrogging the Small Business Administration and Secretary of the Treasury Steve Mnuchin, to take his case straight to Donald Trump. The problem, as we outlined yesterday, is … Continue reading
Posted in AGA, Arizona, Baseball, California, Donald Trump, Economy, Florida, Health, Japan, Macau, Massachusetts, Nevada, New Jersey, New York, Politics, Singapore
2 Comments
Harbingers of hope
Tonight, in a gesture of defiance toward Coronavirus, a parade of vehicles will be held up the otherwise-deserted Las Vegas Strip. Led by mobile billboard Balanceville Art Car, “Light Up Las Vegas” will begin from McCarran Sunset Business Park, immediately south … Continue reading
Posted in Boyd Gaming, California, Charity, Detroit, Downtown, Health, Japan, Marketing, Penn National, Resorts World LV, Sports, The Strip
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Case Bets & Mega-Jottings
Former casino operator and regulator Richard Schuetz has some very stern words for his former colleagues and their (slow) response to Coronavirus. Sample: “The point is, in many of our gaming states, there was little concern about the employees of … Continue reading
Posted in California, Charity, Donald Trump, e-sports, Economy, Health, International, Internet gambling, Las Vegas Sands, Macau, Massachusetts, Nevada, Penn National, Real Estate, Regulation, Tribal, Wynn Resorts
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Casinos in survival mode; Sports betting in Cali in peril
After this week’s stimulus vote in the U.S. Congress, the casino industry would seem to have ducked a bullet. But, depending on how much financial aid it can draw down, the question lingers over whether any operators will have to file … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, California, Charity, Colorado, Economy, Election, Foxwoods, Full House Resorts, Golden Gaming, Health, Horseracing, Indiana, International, Internet gambling, Las Vegas Sands, Louisiana, MGM Resorts International, Mohegan Sun, Nevada, Oklahoma, Penn National, Problem gambling, Regulation, Sports betting, Station Casinos, Tourism, Transportation, Tribal, Wall Street, Wynn Resorts
1 Comment
Poverty in the suites; Industry ramps up bailout pressure
Sheldon Adelson is worth $28 billion today. Which doesn’t sound so bad until you consider that he was worth $40 billion before the Wall Street crash. That’s the literal price of owning 432,000,000 shares of Las Vegas Sands. Not that … Continue reading
Posted in AGA, Caesars Entertainment, California, Carl Icahn, Charity, China, Donald Trump, Economy, Elaine Wynn, FanDuel, GLPI, Health, history, Horseracing, Illinois, Internet gambling, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Movies, New York, Phil Ruffin, Sheldon Adelson, Sports betting, Station Casinos, The Mob, Tribal, Unite-Here, Wall Street, Wynn Resorts
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Life after casinos; Sheldon is george
“The situation continues to evolve and will escalate rapidly and dramatically. These are unprecedented actions in an extraordinary situation, but they could be the difference in saving lives and keeping people safe.” So said Maryland Gov. Larry Hogan (R) on Sunday, … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, California, China, Cordish Co., e-sports, Economy, Entertainment, Foxwoods, Health, Horseracing, Internet gambling, Las Vegas Sands, Maryland, Massachusetts, MGM Resorts International, Mississippi, Mohegan Sun, Nevada, Oklahoma, Pennsylvania, Politics, Rush Street Gaming, Sheldon Adelson, Sports, Sports betting, The Strip, Tourism, Tribal, TV, Wisconsin
1 Comment
Tough times return to Atlantic City; KY Derby delayed
As we saw earlier today, Las Vegas and Reno are pretty badly screwed for at least the next month. What about perennial problem child/comeback kid Atlantic City? Just when it’s back on its feet and roaring again, along comes Coronavirus … Continue reading
Posted in AGA, Atlantic City, California, Dining, Economy, Election, Health, Horseracing, Internet gambling, Kentucky, Macau, Maryland, MGM Resorts International, New York, North Carolina, Regulation, South Carolina, Sports betting, Taxes, Tilman Fertitta, Tourism, Tribal, TV, Wall Street, Washington State
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Las Vegas is closed
America‘s favorite 24-hour town has finally caved to the inevitable and done what neither Sept. 11 nor the Great Recession made it do. It has turned out the lights and hung the “Closed for business” sign in the window. Finally … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, California, Canada, Cosmopolitan, Culinary Union, Dining, Downtown, Economy, Election, Golden Gaming, Health, Illinois, Las Vegas Sands, MGM Resorts International, Nevada, Phil Ruffin, Real Estate, Regulation, Station Casinos, Steve Wynn, The Strip, Tourism, Transportation, Wall Street, Wynn Resorts
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Turnaround in Springfield; Coping with Covid-19
Although it seems supremely beside the point at this grave moment, it’s time to report February’s gaming-revenue numbers from Massachusetts. Casinos in the state grossed some $86 million, with $52.5 million of that made at Encore Boston Harbor, with 61% … Continue reading
Posted in Australia, California, Canada, Crown Resorts, Eldorado Resorts, Entertainment, Health, Horseracing, International, Macau, Maryland, Massachusetts, MGM Resorts International, Ohio, Penn National, Philippines, Regulation, Reno, Tourism, Tribal, Wynn Resorts
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Sports betting kneecapped; What Sauce!
We’re far from knowing the full ramifications of widespread sports cancellations and postponements upon the gaming industry. However, the impact upon sports betting looks to be deep and dire. Last March, Nevada casinos saw $499 million in handle and $39.5 … Continue reading
Posted in Caesars Entertainment, California, Charity, Economy, Eldorado Resorts, Philippines, Planet Hollywood, Regulation, Resort fees, Sports, Sports betting, The Rio, The Strip, Wall Street
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A silver lining for gaming?
by Jeff Goldberg, guest contributor With each passing day, if not hour, Covid-19 overwhelms another entertainment institution—including sports. By Thursday afternoon, three major American sports leagues—NBA, NHL and Major League Baseball—had all suspended their seasons. The NCAA March Madness tournament … Continue reading
Posted in California, Health, Internet gambling, Marketing, New York, Sports
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Las Vegas slides toward crisis as market tanks
Coronavirus having been officially been declared a pandemic by the World Health Organization, it was only a matter of time before the impact hit Las Vegas. Not much time, either. Late yesterday, the National Association of Broadcasters pulled the plug … Continue reading
Posted in AGA, Boyd Gaming, Caesars Entertainment, California, Conventions, DFS, Donald Trump, Economy, Eldorado Resorts, Health, International, Las Vegas Sands, Melco Resorts & Entertainment, MGM Resorts International, New York, Sheldon Adelson, South Korea, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tourism, Twin River, Wall Street, Wynn Resorts
3 Comments
Massachusetts’ Daddy Warbucks; Ghoulish new Flamingo show
Neil Bluhm doesn’t have an office in Massachusetts. Nor any employees. But Rush Street Gaming‘s Bay State affiliate spent the second-highest amount on lobbying last year. That’d be 662 dimes lavished on the pursuit of the state’s elusive, final casino … Continue reading
Posted in Architecture, Caesars Entertainment, California, Economy, Election, Entertainment, Health, history, Lotteries, Marketing, Massachusetts, Neil Bluhm, Pennsylvania, Racinos, Regulation, Resorts World LV, The Strip, TV
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Macao sucks; Massachusetts tribe rebuffed … again
Macao was a ghost town last month, with hotel occupancy an anemic 12%. Gaming analysts, in addition to writing off 1Q20, are predicting a 50% declivity in the second quarter, with recovery not taking hold until October. Casino companies, meanwhile, … Continue reading
Posted in Architecture, Caesars Entertainment, California, Conventions, Donald Trump, Economy, International, Las Vegas Sands, Law enforcement, Lawrence Ho, Macau, Massachusetts, MGM Resorts International, Money laundering, Palms, Regulation, Station Casinos, The Strip, Tribal, Wall Street, Wynn Resorts
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Las Vegas Sands braces for impact; Big Rob’s big scam
Las Vegas Sands missed Wall Street expectations in Macao, made up for that in Singapore (partly on the strength of runaway Chinese high rollers) and “was solidly in line” on the Las Vegas Strip, according to JP Morgan analyst Joseph … Continue reading
Posted in California, China, Health, James Packer, Las Vegas Sands, Law enforcement, Macau, MGM Resorts International, Pennsylvania, Singapore, Sports betting, The Strip, Tribal, William Hill
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Quote of the Day
“Think about that—the city of Hawaiian Gardens generates over 80 percent of its revenue from this one casino. It is this reality that appears to have made the Gardens Casino not only too big to fail, but apparently too big … Continue reading
Posted in California, Money laundering, Regulation
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Resort fees look ominously permanent; Goodbye, Hard Rock Hotel
Las Vegas is “a market notorious for some of the highest resort fees anywhere.” So writes Hotelsmag.com’s Juliana Shallcross. Big Gaming needn’t be too worried: The Hotel Advertising Transparency Act of 2019 has gone absolutely nowhere in the supposedly liberal House … Continue reading
Eldorado gets one state closer; Banditry in Arizona
Check Louisiana off the list of states giving the thumbs-up to the Eldorado Resorts takeover of Caesars Entertainment. CEO Tom Reeg had to assure regulators that the company would invest $500 million (there goes that highly touted half-billion cost savings) in … Continue reading